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FOX News
Nov 27, 2012 2:00pm PST
't want entitlement cut. that sunk the deal because president obama couldn't get his side to come along with it. >> dana: that is increditable from a p.r. standpoint that republicans get attention for being divided. it's actually the democrats more divided. they don't get as much attention. why is that? >> eric: they want to take shots. on the right, republicans and the right, there is another divide. you have a divide on the right that says fiscal conservatives saying don't raise taxes or close loopholes or do anything to increase re-knew. the establishment republicans say we need to work it. >> bob: deductions will be on the table. what is the difference between raising rates -- if you take desuction out, they have fewer in the pocket. wealthy people have fewer dollars in the pocket. raise the rates, less money. >> andrea: economy is more sensitive to playing with the marginal rates than deductio deductions. >> eric: if you let the bush tax cuts for over $250,000 expire, $80 billion. deficit of $1 trillion a year. you are only 18% of the way. you are still missing 82% of the pie here.
Current
Nov 27, 2012 6:00am PST
cut for two years extend the tax cuts for the wealthy. obama had won 238 of stimulus for yielding on 114 billion in high income tax cuts. he says clearly obama had gotten the better deal. the public had been seen this over tax cuts answered over that obama had not gotten what he wanted. axelrod and other aids were not allowed to admit in public that the president had achieved a second stimulus. that's part of why the economy has gotten better and better and we've had all these months of job growth. corn finishes by saying what happened is not an indication that obama is likely to yield in a new faceoff but he will be assessing the dynamics in a new grid lock. that's not caving in, that's governing. much more as we continue on the "stephanie miller show." >> putting people out of work. >> stephanie: we need to get rid of all of them. there will be lungs on every governor tomorrow night. she is awesome. we'll be right back on the "stephanie miller show." [ ♪ theme music ♪ ] >> stephanie: okay, here we go. we rehearsed this time. [ ♪ music ♪ ] ♪ today is your birthday ♪
MSNBC
Nov 26, 2012 10:00pm PST
class cuts go through, rich people will get the largest cuts, still. >> we saw the obama victory numbers in this election. but i think he's had a bigger victory than what those numbers indicate and that's in this cnn poll that comes up and it shows today how effective the president's leadership has been on this tax issue because the country agrees with him and more people agree with him than voted for him on this particular issue. it's overwhelmingly in favor of the president's position on this and the republicans are reading that poll and their future is in that poll. >> and the republican party for too long has been driven by their primary electorate. they've been afraid of grover norquist and the tea party coming after them in primaries, but the more we see republicans coming out, reaching across the aisle, there are safety in numbers. so, it looks like there is going to be a genuine move to the center. >> here's what glover is hoping for, that we go off the cliff. then you go off without violating grover's quest. what he needs is the claim his pledge still exists. >> these people are
Current
Nov 27, 2012 3:00am PST
won the election. president obama made it very clear. on the tax cuts from the bush tax cuts, there's no doubt. he said no way no how. if you want those tax cuts to go away, you think they've been there long enough, you vote for me. if you want them to continue you vote for romney. case closed, right? >> absolutely. >> bill: you think president obama will stick to that? >> i think that republicans are certainly going to test his willingness and how much he can. i think he did win the election and that was a central part of his platform. and that as he said is the bottom line. of course we -- we've seen him say before it was the bottom line and they extended the rates. >> bill: if i was at his news conference just before thanksgiving and that week before thanksgiving and he made it very clear he said again no way. you can count on it. you can count on it. >> he did. >> i will veto anything that does not include getting rid of the bush tax cuts. rebecca kaplan from the "national journal" our guest here.
ABC
Nov 27, 2012 4:00am PST
lawmakers are signaling a willingness to cut a deal with president obama. but doing so, it would require republicans to break a long-standing gop pledge. some republican lawmakers say they're now willing to defy party politics and cut a deal on taxes. if congress doesn't act, $650 million of spending and tax increases will take place on january 1st. but there's fresh hope in washington that republicans and democrats can strike a deal. >> the world has changed. >> reporter: the biggest obstacle is a pledge of no tax increases of virtually any kind that every republican has signed. but with fiscal calamity on the horizon, some gop lawmakers have changed their tune. >> i will violate the pledge, long story short, for the good of the country. >> reporter: defying the pledge would buck 20 years of republican orthodoxy. this is the man behind the pledge. he's gotten thousands of republicans to sign the pledge, in exchange for help getting elected. the lawmakers open to breaking the pledge say they will do so by closing loophole, not raising taxes, putting them at odds with president obama, who
FOX
Nov 27, 2012 5:00am PST
fingerprints. >> in the end, tips and a $100,000 reward led to his capture. >>> president barack obama is increasing pills our to extend middle-class tax cuts and extend tax cuts for wealthier americans. here is a look at whether we are any closer to seeing a deal. >> president barack obama called congressional leaders over the weekend since he had not met with them and we are just 35 dc-madam days from spending cuts that kick in as part of the fiscal cliff but there is no deal. both sides seem to repeat with democrats echoing the president's demand for tax increases on the wealthy. >> he has promised he will not sign any bill that mortgages our future for the went quest 2% -- wealthiest 2% of americans. >> no tax increase for those who will not materialize later. >> reporter: but some are indicating they might be okay for some tacks increasing. allison burns, ktvu channel 2 morning news. >>> and a new study had substantially higher rates of breast cancer compared to the rest of the state. those include contra costa and the northern most part of alameda, san mateo and santa clara. brea
MSNBC
Nov 26, 2012 9:00pm PST
's the president's first priority. that's forced upon him by the expiration of those tax cuts at the end of the year. but it seems to be embraced as what he wants to work on. president obama is not arguing for that tax cut expiration date to be extended, to be put off for awhile, to work on something else in the meantime. he seems to want this fight. not only talking about this reminding everybody that it is what he campaigned on when he won reelection. "the new york times" is he's employing the support information data base he built during his campaign toward trying to win that policy fight. and again, in addition to that, there's the breaking news of the president seeming to be lining his ducks in a row for nominating susan rice for secretary of state. the potential nominee taking meetings with the senate foreign relations committee, including john mccain, tomorrow morning. she will be taking that meeting alongside the acting director of the cia. in addition to this fight over the tax cuts, the president is not shying away from the secretary of state fight either. we know what he's bei
CNN
Nov 27, 2012 8:00am PST
will bring with it more than $500 billion in tax cuts and spending cuts. mr. obama is in meetings with small business owners from across the country today. he is not, however, meeting with leaders of congress today. our dan lothian is watching the comings and goings at the white house. and at some point, dan, congress is going to have to either come together on this and work with the president on this, and yet we're seeing all these various different meetings all around the communities and the country. it looks like there's a particular strategy that's playing out when it comes to the president right now. >> reporter: that's right. a lot of negotiations have taken place in the staff -- on the staff level. the president himself did speak with speaker john boehner on the phone over the weekend. there was that meeting with the lawmakers, the leadership just before the president went overseas on his southeast asia trip. but so far, no additional meetings that we know of on the schedule for the president to sit down with congressional leadership to try to hammer this out. i can tell you that i sp
MSNBC
Nov 26, 2012 8:00pm PST
? medicare, medicaid carefully, these are chief drivers of our deficit. we made a lot of progress with obama care and there's other spending we have to cut. >> hold on a second. i think we all know what the chief drivers of our deficit are and have been. our projected deficit over the next seven years is driven mostly by the wars in iraq and afghanistan and the bush tax cuts. entitlement programs don't even compete with these costs. plouffe went on to pin the problem largely on republicans who are not flexible on higher tax rates, but he also said this. >> and so where i think the big bottleneck right now is republicans in congress on revenue and how much and where does it come from. democrats are also going to have to step up here and do some tough things. and you know, the notion that somehow that these deficits and our debt are not a threat to our national security and our economic future is something i could not disagree with more strongly, as does the president. there are some, maybe not so much in our party but some commentators on the left that suggest that we shouldn't deal with this
MSNBC
Nov 26, 2012 5:00pm PST
ceiling. the deal was ultimately rejected by the republicans but we know it included cuts to sbientitlem programs. president obama agreed to squeeze $250 billion from medicare in the next ten years with $800 billion more in the decade after that. he was also willing to cut $1 10 billion from medicaid in the short-term. democrats make it sound like a deal like this could be worked out pretty soon. >> bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. medicare and medicaid, protect the integrity of the program but give it solvency for more years. >> what's the integrity of the program? we have a lot of questions about where this is going to end up. republicans are also giving off clues about an upcoming deal. several house and senate republicans are rejecting an antitax pledge of grover norquist. but rejecting the pledge comes with strings attached. >> i will violate the pledge, long story short, for the the good of the country, only if democrats will do entitlement reform. >> get out the gun and hold it to our head. democrat and republi
Comedy Central
Nov 27, 2012 1:30am PST
? >> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> that's it.
FOX
Nov 27, 2012 6:00am PST
owners to find out about tax cuts to be extended. president barack obama has not met with congressional leaders since it before the thanksgiving break and no other meetings have been planned yet. the white house is welcoming comments on tax increases on wealthier americans. >> some of the tax increases are welcome and they represent what we hope is a different in tone and approach to these problems. >> but time is running out to strike a deal for spending cuts that kick in as part of the so called fiscal cliff are now just 35 days away. allison burns, ktvu channel 2 morning news. >>> well a new study finds part of the bay area have higher invasive amounts for the western part of the state. the northern part of alameda county and a section that runs between san mateo and alameda counties. breast cancer rates were 10 to 20% higher than the state average from 2000 to 2008. breast cancer rates have long been a concern in marin county. >>> they are looking into whether the man accused of killing a police officer will stand trial. he is accused of killing a police officer and he is being held
FOX
Nov 27, 2012 7:00am PST
're live here in redwood city, i'm brian flores, ktvu channel 2 news. >>> 7:34. president obama expected to keep pushing for his ideas on how to avoid the fiscal cliff looming ated end of the year. all this -- at the end of this year. the president wants to extend tax cuts for middle-income americans while letting them expire for those people who earn more than $250,000 a year. coming up at 7:45, whether republicans and democrats are any closer to a deal. >>> wellge the nation's lowest housing -- well, the nation's lowest housing rate is in the south bay. only 3% are vacant. that translates to just 28,000 empty properties out of almost 651,000. nationwide apartment rents are expected to go up again next year. the national association of realtors rents will go up 4.6% because demand exceed supply. in 2014/2015, rents will probably go up more than 4%. nationwide they went up 4.1% this year. but here in the bay area, they are up more than 13%. >>> it is 7:5. a crane had to be us -- it's 7:35. a crane had to be used for a sink holt. these pictures are from a -- sinkhole. these pictures are f
CSPAN
Nov 27, 2012 7:00am EST
. these people want to go around saying obama, obama wally is cutting your social security and medicare in your home deductions are really happy. we are not in this for nothing. nobody cares about us because we want to be so proud of president obama. and let him defund social security. the democrats have no intention of ending the debt ceiling now, because they want to give away more democratic priorities. we hostages. when the republicans have not given anything yet, that is what you get here you get your priorities cut. because you did not say a word. so sit back in your house and yelled obama, obama while he takes all of the food out of your mouth. host: let me echo some sentiments your efforts to facee spending resistance. the two senators, the story often notes that this is what they would like to see from the president. they want him to start negotiations at a one-one ratio. putting them in line with many in the parties that want to see a harder line taken by democrats. some advocating going over the fiscal cliff. democratic caller, mary, what do you think? having delivered the cliff and
CNBC
Nov 26, 2012 7:00pm EST
government and lower spending is itself a pro-growth tax cut so that's my caveat. you want to raise revenues, limit it to deficit reduction. do not permit it to go for higher spending. my free market caveat concession. anyway, president obama promised to pull out all the troops from afghanistan by 2014 and now the military is proposing a different course. keep 10,000 troops in theater for a longer period of time. this has some important political and financial implications. we will explain and explore next up. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345
FOX News
Nov 26, 2012 11:00pm PST
from the fiscal cliff? >> first of all, give honor to god. ♪ ♪ lord and savior, barack obama. >> eric: not even that savior. 36 days going over the fiscal cliff. you should know what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxes up for every american. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of that. we'll get to the deals that may g
FOX News
Nov 27, 2012 8:00am PST
fiscal cliff president obama is taking his case to small business owners from across the country, meeting with more than a dozen at the white house, looking to avoid a year-end tax hikes and spending cuts. republican leaders will meet with a bipartisan group of former members of congress as list leaders as well as both sides hold the line on taxes. >> i'm willing to put revenue on the table to pay down debt and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist fo
FOX News
Nov 27, 2012 1:00pm PST
. katrina, what are they doing? >>guest: well, they are actually looking at potentially cutting the mortgage deduction. now, if my opinion this is another example of president obama and congress trying to take money away from people's pockets in order to fund government spending when if reality the revenue that would be brought in by cutting away the mortgage deduction wouldn't make a dent in reducing the national deficit. in fact, the approximate savings for cutting the mortgage deduction would be about $83 billion and that would only help run the government for 8.3 days and would have reduced the national deficit not one bit. >>neil: if you, a lot of people buy a home or second home with the idea they have the write off to enjoy, the mortgage deduction, there is a $1 million cap on underlying mortgage for principle interest but if they go after that, what do you see happening? >>guest: well, as the real estate market is going to do well and warren buffett said it is spark the economy and the government will interfere with that? many willing a this is only going to affect the rich, the peop
NBC
Nov 26, 2012 5:00pm PST
tax cuts for those make mortgage than $250,000. >> billionaire warren buffett, an obama ally today wrote an editorial in "the new york times," calling for a higher minimum tax for the wealthy. >>> a shake-up in the middle east in politics today as an israeli moderate resigns. israeli defense minister ehud barack abruptly quit politics today, saying he'll only finish out his term. the obama administration had embraced him as a moderate influence on benjamin netanyahu's hard-line policies. meanwhile, a leader of hamas is warning that a fragile ceasefire in gaza could flare back into violence if negotiators don't come to agreement quickly. negotiations have to proceed through egyptian messagers because israel and the united states consider hamas a terrorist organization. >>> still ahead here at 5:00, it's a distinction that universities don't want. the bay area school, though, near the top of this dubious list. >>> and a blockbuster acquisition that never was. google tied to a takeover deal the company is now calling a hoax. >>> and a celebration filled with secret information. how se
FOX
Nov 27, 2012 4:00am PST
. updated versions have fewer risks. talks between president obama and congressional leaders continue behind closed doors. they are attempting to reach a deal through a series of meetings before automatic cuts and tax hikes go into effect at the end of the year. the president wants tax breaks for 98% of americans and 97% of small businesses, while raising taxes on the wealthy. most republicans remain against tax hikes and want to cut spending on social programs such as medicare and social security. however, the latest tone out of washington is encouraging. "as thomas jefferson said, and this is a quote, 'we should not put off tomorrow what we can do today.'" "the only balanced approach is one that includes real and lasting reforms, so republicans have stepped out of our comfort zone." in the latest manueverings, the obama administration points out the typical american household will pay $2,200 in additional taxes next year, which could hurt consumer spending by $200 billion in 2013 and threaten christmas shopping this season. house speaker john boehner and a few other key republicans appear
MSNBC
Nov 27, 2012 9:00am PST
in pennsylvania. the message is clear, president obama's number one priority is ensure that tax cuts for middle-class families are preserved and tax rates for the wealthy expire. according to warren buffet that idea is already being accepted across the country. >> there's a general feeling among the general public and congress, that the rich like me have been getting away with low tax rates and time to make the tax rates more progressive. >> while the president seeks an audience with the american citizenry he's limiting his face time with his republican adversaries on the hill. missing from his schedule the meeting he was supposed to have with top congressional leaders. having learned his lesson during the payroll tax fight. >> modern day washington is a little different than it was in 1801. the notion you can solve all problems over a cocktail i think is a little overrated. engaging with not just the denisons of washington but with the broader american public is very important to him. >> while president obama spoke with senate leader harry reid and speaker john boehner by phone on saturday whe
FOX News
Nov 26, 2012 6:00pm PST
of that, plus video of jamie foxx's bizarre tribute to his lord and savior. barack obama? "hannity" starts right here, right now. >> it's clear the democrats spell blood in the water. if a deal is not reached by january 1st, a series of defense budget cuts will mean massive tax hikes reaching every american. we've seen democrats from the president on down using the so-called crisis to ram their left wing agenda down your throat. they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bus
NBC
Nov 26, 2012 6:00pm PST
that extends the bush era tax cuts or those making more than $250,000. >> billionaire warren buffett, an obama ally, again with a rate hike on the rich. calling in "the new york times" for a minimum tax on the wealthy. 30% of income between 1 million and $10 million. 35% above that. republicans insist any deal on tax hikes has to come after a commitment to control spending on medicare and social security. adding to the drama, the white house warned the strong start to holiday roadway tail steals could be spoiled by fears of tax hikes. holiday cheer and a reminder. five weeks until l the fiscal cliff. i'm steve handlesman, nbc news, capitol hill. >> a tense standoff in egypt between mohammed morsi and the nation's judiciary branch. they want to lessen tension in cairo. they canceled a massive rally that was planned for tomorrow. at today's meeting was a bid to resolve a four-day crisis that has plunged the country into turmoil. clashes have left one protester dead and hundreds of people wounded. >>> amateur video shows rebels. they were able to seize dozens of boxes of ammunition from defeated
PBS
Nov 27, 2012 3:00pm PST
clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matter in this debate. because this debate is about them. the question of whether or not taxes go up on 98% of american tax payers is a very important to ordinary americans. it is not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> brown: to that end the president met privately today with small business owners. on friday he'll travel to the philadelphia area to speak further on the issue. not to be outdone, house republicans said they'll meet with small business owners and workers in their districts arguing against the president's plan. in the senate republican my ontario leader mitch mcconnell dismissed the
CNN
Nov 26, 2012 5:00pm PST
-and-take to get there. listen to this. 72% in our brand-new cnn/orc poll say they want president obama to compromise with republicans on taxes and spending. an identical 72% want republicans to do the same, compromise with the other side. as for what compromise should entail, 67% favor a mix of spending cuts and tax increases. that's what they say real progress would look like. keeping them honest, real progress is one thing. washington progress is another. so far at least we see much more of the second than the first, and we're getting late new word that any progress might be stalled. more on that shortly. first, a good example of washington progress. republican lawmakers standing up in a limited way to a beltway power broker named grovier norquist over the 1980s era pledge he pressures them to sign promising not to raise any taxes ever. >> i'm not obligated on the pledge. i made tennesseans aware. i was just elected. the only thing i'm honoring is the oath i take when i serve when i'm sworn in this january. >> that's senator bob corker and one of the a handful up republican lawmakers
KOFY
Nov 26, 2012 9:00pm PST
she too would be willing to break the pledge in exchange for spending cuts. this is good news washington. >> vulnerable tax deduction from mortgage interest as president obama and congress try to work out a deal that reduces the budget different situations. cap would likely be amend at high income schooled. >> president obama is now pondering cabinet reshuffle and republicans are softening on one of the leading candidate to replace hillary clinton. 7 news political reporter mark matthews tonight with short list that includes some well known bay area names. >> president known for some time that secretary of treasury tim guy and secretary of state hillary clinton are heeded for the door. leading candidate fo is rice but republican senator vowed to fight. if she got the nod. >> we will did whatever is necessary to block the name nation. >> the president fired back. >> when they after the un ambassador because she's an easy target? they have a problem with it. >>reporter: tonight senator mccain backing away. >> i think she deserves the ability and opportunity to explain herse
CSPAN
Nov 26, 2012 8:00pm EST
that president obama still believes the payroll tax cut should be part of broader fiscal talks, suggesting that an issue that was settled months ago could see new life. alan krueger said that "the payroll tax cut has helped middle-class families, has helped support the economy, and help support consumption giving the president has said that the payroll tax cut should be on the table. you can see his comments coming up in about 2.5 hours. while the budget agreement that set up the january fiscal cliff did have bipartisan support in 2011, there were a number of house members who were critical of the legislation. the progressive caucus was one of the groups that did not support the measure, saying it would help -- it would hurt ordinary americans. other members of the caucus spoke to reporters after the vote. >> hello, ladies and gentlemen of the press. my name is keith ellison. i am co-chair of the progressive caucus. i'm joined by barbara lee, maxine waters, a long-term leader in the progressive caucus, -- while voting to increase the debt ceiling is a necessary step, the reduction measures
KRON
Nov 26, 2012 5:00pm PST
and spending cuts that could damage the economy. president obama has been pressuring republicans to reach a compromise that increases taxes on wealthy americans. a handful of republicans are suggesting they might break their pledge to never go for higher taxes. >> i will violate the pledge, long story short for the good of the country. >> the world has changed. >> it is music to years of the white house and very disturbing to this man. he is an anti-tax person and who got the republicans to sign a note signed the no tax increase agreement in the first place. >> if you go to voters and say i made this promise and now i'm breaking his promise you should know that and say to them. >> 258 members of congress have signed the pledge. only about half dozen have x rest doubts about it. the test of whether not there are willing to break a promise to not bring taxes will come in the next six weeks. the president seems to be gaining a little ground today and senator john mccain seemed to soften his position on susan rice. rice was the choice to replace hillary clinton as secretary of state. mccain w
SFGTV2
Nov 27, 2012 4:00am PST
because we have the opportunity here to cut the commute for tens of thousands of people everyday in half by this investment. the vast majority of the people don't own a car. they depend on transit. well today through president obama's leadership, secretary lahood leadership, the vision of the leaders on the stage we are here to commit $942 million to fulfill that promise. [applause] >> with the signing of this grant agreement we are taking $942 million paid by california taxpayers and to create jobs now when we need them. we're also using those dollars to improve the quality of life, and as jackie spear pointed out plan for the future and economic prosperity of this whole area. when this subway extension opens as senator feinstein pointed out there will be 44,000 people using this light rail line. what she didn't point out that will make it the second or third busiest light rail in the united states. this is an environment that needs to be made and once it's built are gone the days when we have senior citizens watching the drive by and waiting for a bus that won't stop and then they
CNN
Nov 27, 2012 6:00am PST
for president obama's proposal to have the tax cuts extended for folks who are making less than $250,000 a year. but for them to be sun setted for those making over $250,000 a year. >> the president had a similar meeting with heads of large companies. will he hear anything different, or will it be, as you said, a rah-rah "in session." >> i think it will be a rah-rah meeting. he will hold a meeting with other business leaders tomorrow as well as holding a separate meeting with folks who are middle class income who will be hurt by the fiscal cliff if in fact it is not resolved here in washington, d.c. but on friday, he's going to leave washington, d.c. he's going to go pennsylvania. when he's in pennsylvania he's going to visit a manufacturer that builds toys, specifically they build the tinkertoys as well as the connects building sets. he's i to get support from all corn -- he's trying to get support from all corners of the middle class to support him as they move forward on the livefi cliff. >> thanks. >>> no suspension for a kick in the groin, but the lions' defensive tackle may not get off sc
CNN
Nov 27, 2012 2:00am PST
the fiscal cliff a lot of people are saying we're going to have to see tax cuts get raised. president obama and democrats would like to see that just on democrats alone. republicans, as you said, are starting to peel away from that pledge. however grover norquist is threatening those who do so. let's hear what he had to say. >> no pledge taker has voted for a tax increase. you've had some people discussing impure thoughts on national television. the pledge is not for life but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than, than, than two years or something. >> there you had grover norquist from the americans for tax reform who has spearheaded this no tax pledge. the fact of the matter is, zoraida, to reach an agreement there's going to have to be compromise, whether that means increasing taxes on some, whether that means changing entitlement reform, both sides are going to have to come to the table to try to reach an agreement. >> mark, ca
FOX Business
Nov 27, 2012 11:00am EST
are immediately putting the underwater, the market doesn't want us to raise prices. it wants us to cut prices. this is a bad time to have a 3% surcharge. ashley: dennis: they can't make the stuffing china office, imaging equipment, where they can in the u.s.. president obama is apparently meeting in person with small-business leaders today. what do you want them to tell him if he is in a mood to listen? >> the of to make our country competitive. they have to reconsider how job creators fund their companies. they fund it by having a war chest of cash and if it is depleted by higher taxes they can't hire more people, they can't buy more equipment, can't come up with new innovation. is imperative that we keep reinvesting and hiring people. this is how america will get out of the recession. [talking over each other] >> we thank you for being with us. congratulations on your visit to the white house. cheryl: in the last few moments we did see the dow turn positive and once again going into negative territory. all of this as worried about the fiscal cliff and europe. our next guest says if there's
MSNBC
Nov 27, 2012 1:00pm PST
safety net the way it's been, and cut spending, slash spending dramatically. it was very divided policywise and barack obama won pretty handily. >> a week after the election john boehner, speaker boehner, does a press statement and he says we're not going to raise revenues. we should look at loopholes and deductions. >> one thing that hasn't changed and you can put on as many senate republicans as you want looking reasonable. what hasn't changed is the tea party caucus in the house. they've lost a few members, but they're still a majority and john boehner has to find some way to get something past them. that's why i doubt there will be a christmastime deal. i think the president is going to have to let these tax cuts end and then boehner may have a chance of convincing them to pass tax cuts for the bottom 98% without the top 2%. >> do you agree with that, dr. peterson? that the president will be forced to allow these to run their course simply so that republicans in the house won't have to face the wroth, or the wrath as you like to say, of grover norquist? >> i think it's a dist
FOX News
Nov 27, 2012 3:00pm PST
have to worry about. >> when president obama was first elected he talk about the way it would bring down deficit. the campaign promise is to cut the deficit in half. he said he would do it by focusing at the center of his proposal, going to be entitlement reform. we have seen none of that. more than four years. >> bret: interesting op-ed by bill archer and chris cox in "wall street journal" saying that the real outlay is $86 trillion of unfunded liabilities. obligations when you include all of the federal government, what it owes. that is obviously dwarfs the $16 trillion in debt we hold. >> which raises the question why are republicans allowing the entire debate to be about taxes? and about the war among republicans over holding the line on the norquist pledge or not. when what obama is proposing on raising the rates on the 2% is a triviality. it will reduce the deficit from $11.01 trillion to $1. $1.02 trillion. eight cents on the dollar. nothing. lunch money. it's rounding error. yet that is all the debate we are hearing. obama understands this. he is trying to, he is not trying
FOX News
Nov 27, 2012 10:00am PST
really were. megyn: that is radio star laura ingram, raising questions about president obama leadership when it comes to the tax hikes and spending cuts that will take effect at the end of this year unless washington do something. her remarks echo mitch mcconnell, who took an even tougher time today. criticizing the president for staging a series of campaign style events instead of what he says would be leadership. joining me now to discuss that is the dog show. a former pollster for president clinton and cohost of campaign insiders here on the fox news channel. he is also a fox news contributor. so this is how real america is going to be affected if this takes place. she seems to be suggesting, that he is not talking to the right people. he needs to be dealmaking and leading and inspiring the folks on capitol hill to follow. doug? >> i absolutely agree, megyn. the president has won the election. but the bottom line is that he got 51% of the vote. it is hardly an overarching mandate. 40% voted against him and he has to bring the country together. the way you do that is by compromising.
NBC
Nov 27, 2012 5:00am PST
. the white house says president obama called house speaker john boehner and senate majority leader harry reid over the effort to discuss efforts to avoid the fiscal cliff. that's the combination of tax hikes and spending cuts set to take effect january 1st. the "washington post" reports that boehner plans to have some house republicans meet wither skin bowles. on wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get some data on demand for durable goods, home prices and consumer confidence. the dow slipping back below 13k losing 42 points to 12,967. the nasdaq edging up nearly 10 to 2976. and i would do a campaign not to vote for marissa mayer for "time" person of the year. remember when we had the head of amazon on the cover of "time" back in 2000. i think there's a little jinx in that. a little like the si jinx. so don't vote for her. >> fair enough. no on mayer,
CNN
Nov 26, 2012 10:00pm PST
that nobody's quite ready to cut a deal. another round of white house talks between congressional leaders and president obama was promised but is yet to materialize. a senate democratic leadership aid telling us that staff level meetings meant to lay the groundwork haven't been productive. one senate republican leadership aid accuses democrats of leaking details in order to portray republicans negatively. the talks are continuing, which itself can be read as some sort of progress. whether that's real progress or washington progress, remains to be seen. a lot to talk about starting with tennessee republican senator bob corker. thanks very much for joining us. let's talk about grover norquist. no new taxes pledged. you said earlier in your career, you told cbs morning news earlier today, and i'm quoting now, you said you're not obligated on the pledge, adding the only thing i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest -- did you mean that under certain circumstances you would be ready to accept an increase in tax
NBC
Nov 27, 2012 4:30am PST
to avoid the so-called fiscal cliff where automatic tax hikes and spending cuts kick in at the end of the year if a deal is not reached. nbc's tracie potts has new details this morning from washington. >> reporter: today president obama meets with small business leaders, continuing his push for higher taxes for the wealthy. a new white house economic reports warns if tax breaks go away, the average middle class family willow uncle sam another $2200 next year. >> it seems to be a thing that we can all agree on, that middle class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone, now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that broadens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions of taxpayers. >> reporter: the bottom line is america is borrowing too much money trying to keep medicare and social security afloat. >> there's
FOX Business
Nov 27, 2012 1:00pm EST
and that demand congress cohmad graner wrote agency cut the size and power and funding funding" charging the obama administration's load or delayed the epa regulations to help the reelection campaign from ozone standards now the agency will flood the nation with costly new rule. >> as costly as they are, they all fail to the cost of the greenhouse gas regulation i cannot even tell you how much this will cost. >> the white house did not respond for comment but said it seeks to balance economic and environmental considerations when deciding what regulations to issue. melissa: insider-trading to urges 41 topper for only a manager but the founder of the hedge fund stands pat and charlie gasparino has a report. lori: looking at metals gold is down. we had some hawkish comments this morning the other metals are also trending lower. we will be right back. >> charles is then the studio he has a tech stocks for your portfolio hitting the 52 week high today. >> are you familiar? you know, the nasdaq signed ? very controversial company the stock is ben of ben down the brothers founded it had a fight now thi
KRON
Nov 27, 2012 6:00am PST
is coming up in my next report. >> it is 6:36 a.m.. if president obama has been redirected but he is still campaigning. he is campaigning on dealing with the fiscal cliff. he will travel to pennsylvania and meet with small-business owners as the pressure republicans to extend tax cuts for people that are in less than two and a $50,000. he will be meeting with these business owners and middle class residents. >> new video coming in from cairo. look at all of the tents that are set up. this is a mass rally against a decree of begins the new president. this demonstration is just after he stated that he had a meeting with judges that was aimed at the worst political crisis in june. there are marches across the capitol and this is the center of a protest that is about the numbers and it is expected to swell. >> we will be right back as we continue. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to w
MSNBC
Nov 27, 2012 8:00am PST
will ask richard rolf david corn and joy reid. president obama takes his plan to the people. the white house launches a new campaign to promote middle-class tax cuts, but are we closer to or further from the fiscal cliff? economist justin woolfers weighs in, jose diaz-balart on whether republican heard the wake-up call on immigration reform. there was a lot on the ballot this year but is the drug war over? we will ask knorr new york m-- new york magazine's benjamin wallace-wells about weed's new world order when "now" starts in 180 seconds. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> if we had only known yesterday what we know today or known yesterday that we didn't know then what we know today. wait. what? it's tuesday, november 27th. this is "now." >>> joining me today, mother jones washington bureau chief david corn. benjamin wallace-wells of "new york"
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